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Deephaven, MN

Full City Profile · Minnesota · Carver County County

3.7 /5.0
B+ Good
3,835 Population 1,646/sq mi density
$175,441 Median Income $138,183 per capita
$854,000 Home Value $1,032,306 Zillow
45°F Avg Temperature 270 sunny days/yr
25 Violent Crime/100K 653 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$175,441 median income, 1.0% unemployment
B+
Affordability
3.9 / 5.0
$854,000 home value, /mo rent
F
Safety
1.0 / 5.0
25 violent crimes/100K
A+
Education
5.0 / 5.0
79.7% bachelor's degree or higher

Housing Overview

Median Home Value
$854,000
203% above
US avg: $281,900
Homeownership Rate
90.1%
38% above US avg (65.4%)
Total Housing Units
1,616
Median year built: 1959

Home Value by Source

Census Median
$854,000
Zillow (ZHVI)
$1,032,306
Median Sale Price
$1,499,950
Median List Price
$2,345,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

90.1%
Owner-Occupied
9.9%
Renter-Occupied
90%
10%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo

Market Indicators (Redfin)

Median Days on Market
111 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
6.3%
of listings with price reduction
Price Per Sq Ft
$480
Active Inventory
16
homes for sale

Affordability & Housing Stock

Rent Burden
31.0%
of renters spending 30%+ of income on housing
0% below US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
90.1%

Complete Housing Data

Home Values

Census Median Value$854,000
Zillow Home Value (ZHVI)$1,032,306
Median Sale Price$1,499,950
Median List Price$2,345,000
Price Per Sq Ft$480

Rent

FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market111
Sale-to-List Ratio1.0%
Price Drops6.3%
Homes Sold2
Active Inventory16
Price Per Sq Ft$480

Ownership & Stock

Owner-Occupied90.1%
Renter-Occupied9.9%
Homeownership Rate90.1%
Total Housing Units1,616
Median Year Built1959
Rent Burden31.0%